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Sensex drops sharply as trade tensions resurface
Equity markets declined as trade war fears and mixed earnings weighed on sentiment, pushing Sensex and Nifty lower despite selective buying in IT stocks.
Indian equity benchmarks declined sharply after the global trade concerns resurfaced. The Sensex fell over 600 points while Nifty slipped below 25,550 as investors reacted to renewed tariff threats from former US President Donald Trump. Weak global cues and mixed quarterly earnings added pressure. IT stocks provided limited support, while metal, realty, and FMCG shares faced broad based selling across the session.